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Saturday, April 24, 2010

The Secret to a Successful Business, Part 1


I've been working in our family business, papemelroti, since I was 11 years old. And that is a loooong time ago! What do I know about business?

Every time we're asked what is the secret to a successful business, I always answer "Prayer!" I think our business is a miracle, and I emphasize this when I give talks to students about our business. We don't do business analysis or any financial reports, we don't even study the financial statements. What I do look at is if there's money in the bank, then I know we're alright!

My mom is such a great role model for timid women who want to go into business. When she started 42 years ago, she didn't have money, she didn't have any business degree or even experience, she didn't have a brilliant marketing strategy. What she did have was a love of making things with her hands. She was industrious, she still makes all sorts of things today which we sell at the store. She had a faith in herself and more importantly, God. Plus my mom was thrifty, had a good intuition and had a lot of practical sense. And so in spite of all she didn't have and the little she did, our family was able to build a business with an identifiable brand.



Another important factor in being successful in business is recognizing your gifts and using them. Some people say, "Follow your passion!" or "Use your core competence!" or "Be in the circle of your anointing!" God gave each one of us gifts and talents, blessings, passions, an anointing. He was not stingy in His giving. We just have to discover what that is and use it. We should never be selfish with this gift. If we are generous, it will grow, it will come back to us in the form of fulfillment, satisfaction, meaning and purpose, and also financial blessings.

Have you discovered what your gift is?

15 comments:

  1. Wonderful post!!

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  2. tnx for visiting my blog!
    I'm a big fan of papemelroti, I always find time to visit your shop whenever I come home.
    Your parents are trully an inspiration to all Filipinos, mabuhay!

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  3. What a great piece of work and an inspiring post! Jo x

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  4. Came via the blog hop link wow amazing art

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  5. Hi! I don't know if we met 2 decades ago but I remember very well that your family supported the choir I was into at San Nicolas Parish. At that time I was the lead singer and I was requested by someone from your family to sing during one of our carols. I love your products and I would normally buy when I get to visit Philippines. In fact, I'm waiting for a bulk order with regards to Pinoy stamps hehehehe. Thanks so much for dropping by at my site.

    Yes, PRAYER is the answer to be successful in any endeavor and I have always been into that since I was a kid =)

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  6. Thank you for calling by my journal and leaving me such lovely comments. I have enjoyed your post and hope to return again.
    Jeanie

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  7. Thanks for visiting my blog. Wow! am glad that I got a chance to visit yours. Lots of wonderful eye candy!

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  8. Hi Patsy! Thanks for visiting my blog and for warm wishes. Papemelrotti has been a part of my life when I was growing up. Those cute brown note pads & notebooks hold my deepest thoughts I can only express through writing. Every time I come to your shop it gives me a warm, homey feeling and fuels my creativity when I'm in a rut. God bless your business and continue to be an inspiration to all of us!
    PS: I *heart* your flower collage...been wanting to make a collage for the longest time! :)

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  9. Well said, that is a great post full of positive energy, good luck with all of your plans

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  10. I agree totally - make the best of your talents and share them with others - WOYWW certainly helps us with that!!!

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  11. Just spotted you on the longst blog hop too! so hopped over! Brilliant makes on your blog!
    (Lyn)

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  12. Hello! i have been fan of papemelroti that i got my wedding invitations and give aways from your company. i was just sad that you close the Cebu Branch.

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  13. amen! such an inspiring post :) Add to that God will reveal everything in His Perfect Time :)

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  14. Your blog was such a joy to visit today - I added myself as a new follower AND I have added your blog to my list of Inspiration links at Create With Joy!

    I hope you'll stop by when you have a moment - I'd love to welcome you to my family of Kindred Spirits!

    Hugs
    Ramona
    http://create-with-joy.blogspot.com

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  15. I always wish to do the things I love :)

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I am so glad you dropped by! You are a blessing!
:^) Patsy